A social and environmental approach to microfinance credit scoring
Serrano-Cinca, C. (Universidad de Zaragoza) ; Gutiérrez-Nieto, B. (Universidad de Zaragoza) ; Reyes, N. M.
Resumen: Microfinance institutions provide loans to low-income individuals. Their credit scoring systems, if they exist, are strictly financial. Although many institutions consider the social and environmental impact of their loans, they do not incorporate formal systems to estimate these social and environmental impacts. This paper proposes that their creditworthiness evaluations should be coherent with their social mission and, accordingly, should estimate the social and environmental impact of microcredit. Thus, a decision support system to facilitate microcredit granting is proposed using a multicriteria evaluation. The assessment of social impact is performed by calculating the Social Net Present Value. The system captures credit officers'' experience and addresses incomplete and intangible information. The model has been tested in a microfinance institution. The paper shows how a small institution can include social and environmental issues in its decision-making systems to evaluate credit applications. A gap in the preferences was found between members of the board, who are socially driven, and managers and credit officers, who are financially drifted. This mission drift was corrected. The approach followed contributed to creating a culture of social and environmental assessment within the institution, especially among credit officers, thereby translating Microfinance institutions'' social mission into numbers.
Idioma: Inglés
DOI: 10.1016/j.jclepro.2015.09.103
Año: 2016
Publicado en: Journal of Cleaner Production 112, 4 (2016), 3504-3513
ISSN: 0959-6526
Factor impacto JCR: 5.715 (2016)
Categ. JCR: ENGINEERING, ENVIRONMENTAL rank: 6 / 49 = 0.122 (2016) - Q1 - T1
Categ. JCR: GREEN & SUSTAINABLE SCIENCE & TECHNOLOGY rank: 5 / 31 = 0.161 (2016) - Q1 - T1
Categ. JCR: ENVIRONMENTAL SCIENCES rank: 17 / 229 = 0.074 (2016) - Q1 - T1
Factor impacto SCIMAGO: 1.659 - Environmental Science (miscellaneous) (Q1) - Strategy and Management (Q1) - Renewable Energy, Sustainability and the Environment (Q1) - Industrial and Manufacturing Engineering (Q1)
Financiación: info:eu-repo/grantAgreement/ES/DGA/S14-3
Financiación: info:eu-repo/grantAgreement/ES/MICINN/ECO2010-20228
Financiación: info:eu-repo/grantAgreement/ES/MINECO/ECO2013-4556
Tipo y forma: Article (PostPrint)
Área (Departamento): Área Economía Finan. y Contab. (Dpto. Contabilidad y Finanzas)
You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. You may not use the material for commercial purposes. If you remix, transform, or build upon the material, you must distribute your contributions under the same license as the original.
Exportado de SIDERAL (2020-02-21-13:24:36)
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Idioma: Inglés
DOI: 10.1016/j.jclepro.2015.09.103
Año: 2016
Publicado en: Journal of Cleaner Production 112, 4 (2016), 3504-3513
ISSN: 0959-6526
Factor impacto JCR: 5.715 (2016)
Categ. JCR: ENGINEERING, ENVIRONMENTAL rank: 6 / 49 = 0.122 (2016) - Q1 - T1
Categ. JCR: GREEN & SUSTAINABLE SCIENCE & TECHNOLOGY rank: 5 / 31 = 0.161 (2016) - Q1 - T1
Categ. JCR: ENVIRONMENTAL SCIENCES rank: 17 / 229 = 0.074 (2016) - Q1 - T1
Factor impacto SCIMAGO: 1.659 - Environmental Science (miscellaneous) (Q1) - Strategy and Management (Q1) - Renewable Energy, Sustainability and the Environment (Q1) - Industrial and Manufacturing Engineering (Q1)
Financiación: info:eu-repo/grantAgreement/ES/DGA/S14-3
Financiación: info:eu-repo/grantAgreement/ES/MICINN/ECO2010-20228
Financiación: info:eu-repo/grantAgreement/ES/MINECO/ECO2013-4556
Tipo y forma: Article (PostPrint)
Área (Departamento): Área Economía Finan. y Contab. (Dpto. Contabilidad y Finanzas)
You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. You may not use the material for commercial purposes. If you remix, transform, or build upon the material, you must distribute your contributions under the same license as the original. Exportado de SIDERAL (2020-02-21-13:24:36)
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Record created 2017-06-28, last modified 2020-02-21